Business management and financial aspects of administration is higher education; federal and state funding, institutional planning, budgeting and controlling, sources of financial support and business operations in higher education. This course will focus on financial management in Student Affairs departments and divisions.
At the conclusion of the course, each student is expected to know and understand:
the process of financial management as a tool for planning and decision making;
the budget process; and
uses of technology in the financial management process
Students with Disabilities
The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights protection for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you believe you have a disability requiring an accommodation, please contact Student Life - Services for Students with Disabilities in Room 126 of the Koldus Building. The phone number is 845-1637. You should also talk to the instructor about accommodations you need.
Grading and Assignments Mid term exam 150 points
Budget project 200 points
Assignment 1 25 points
Assignment 2 25 points
Assignment 3 25 points
Assignment 4 25 points
Assignment 5 25 points
Assignment 6 25 points
Assignment 7 25 points
Assignment 8 25 points
Class participation 25 points
On-line discussion 25 points
Each assignment or exam will be worth the point value assigned. Points received from all assignments will be added together for final grade: 540 or above = A; 480-539 = B; 420-479 = C; below 420 = F. All assignments must be completed to receive a final grade in the class. Assignments are due on or before the date listed in the calendar. Late assignments will have 5 points deducted for that assignment. Late budget projects will have 20 points deducted.
After reviewing Public vs. Private I want you to go out on the web and look at three (3) different institutions budgets (links provided) and provide some information as outlined in assignment #1 instructions.
You will review the revenue budgets of actual institutions of higher education to compare and learn from them and answer questions regarding the differences and similarities of the institutions.
You will have a set of multiple choice and matching questions to answer about accounting and budgeting terms.
You will develop a vision, mission and goals for the department your budget project.
You will develop the office structure and salary structures for your department.
Mid Term exam
The mid-term exam will be taken on March 9 in class. The test will be taken on line. The test will be a combination of matching, defining of terms, listing, and short answer questions. There will also be a couple of short essay questions. These will only be 2-3 paragraphs long. All materials from the modules, readings, glossary, and class discussions will be covered.
You will develop the revenue sections for your department
Using assignments 4, 5 and 6 you will complete a full budget proposal with explanations and detailed back up for all numbers. You will be graded on completeness of the project, relation of expenditures to goals and vision, and accuracy of information and budget figures provided.
You will review financial statements as a department head asking questions and listing concerns once you have evaluated the expenditures to date.
You will respond to the budget scenario sent to you via email – it will relate to a special budget project or a need to reduce your budget based on instructions given.
Your attendance is expected, and there will be activities and discussion opportunities. Everyone will start with 25 points, if you do not participate in these activities points will be deducted.
There will be several times throughout the course that a discussion topic will be posted to the web class. Your participation in these discussions is worth 25 points.
Between each class meeting you must complete a module of work. Each module will contain presentations on several subjects, text chapters and reference articles for you to read, assignments to complete, a vocabulary list, and a suggested calendar to keep you on schedule.
Presentations are taken from past lectures. These are Powerpoint presentations with voice over discussion. Notes versions of the presentations are also provided in pdf format if you would like to make a print version to take notes on.
Readings may be chapters in the text book, journal articles, chapters from other books, newspaper articles or may be web sites with information you should read and review.
Assignments should be completed and submitted through WebCT according to the due date listed.
The vocabulary list will provide a summary list of all the vocabulary words you should become familiar with during the module. Information about each vocabulary word will be in the Glossary.
Each module calendar will list suggested dates of completion for reviewing units and deadlines for assignments.